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Global RFID tags market set to cross USD 13.65 billion by 2024 according to new research report

IT Market Research

“The Asia-Pacific region is forecast to be the largest user of RFID technology in the near future due to its emergence as the fastest growing market for RFID in the world. APAC, which include major countries such as India, Japan, China, Australia and New Zealand, our contribution to the growth of RFID tags in Asia Pacific. The major countries have widely accepted RFID tags and are implementing various other applications in the healthcare, automobile, logistics and supply chain, electronics and retail industry”

RFID Tags Market was valued at $4.66 billion in 2016 and is projected to reach $13.65 billion by 2024, growing at a CAGR of 14.5 % from 2017 to 2024.By type, Passive RFID, generated the highest revenue share of $3.25 billion in 2016, growing at a CAGR of 13.8% in the global RFID Market.

Browse details of 165 pages research report developed on Global RFID Tags Market at…t-2024/1302336667 Make an Inquiry about this news

Radio Frequency Identification (RFID) tags or transponders are devices which are attached in particular items that is to be tracked or identified. The tags contain microchips in which the data is stored.

The main components of RFID tags are Integrated Circuits (ICs) and Tag Antennas.